Smart contracts merely an evolution, not a revolution

While blockchain technology and smart contracts seem to be on the cutting edge of the legal world, threatening to disrupt everything, in many ways they’re nothing more than high-tech extensions of concepts and practices that lawyers deal with every day.

Joe Guagliardo, a Philadelphia-based partner at Pepper Hamilton LLP, leader of its technology group and chair of its blockchain practice, and Josh Stark, a lawyer who is also co-founder of L4 Ventures, a Toronto-based company that offers financial support and mentorship to blockchain startups, spoke to...